Current through 2024 Act No. 225.
Section 38-90-100 - Applicability of investment requirements(A) An association captive insurance company, an industrial insured captive insurance company, and a risk retention group shall comply with the investment requirements contained in this title. Notwithstanding any other provision of this title, the director may approve the use of alternative reliable methods of valuation and rating.(B) A pure captive insurance company, a special purpose captive insurance company, other than a risk retention group formed as a special purpose captive insurance company, and a sponsored captive insurance company are not subject to any restrictions on allowable investments contained in this title; however, the director may request a written investment plan and may prohibit or limit an investment that threatens the solvency or liquidity of the company.Amended by 2018 S.C. Acts, Act No. 251 (HB 4675),s 1, eff. 5/18/2018.Amended by 2014 S.C. Acts, Act No. 282 (SB 909), s 14, eff. 6/10/2014.2006 Act No. 332, Section 17, eff 6/1/2006; 2002 Act No. 228, Section 14, eff 5/1/2002; 2001 Act No. 58, Section 10, eff 5/29/2001; 2000 Act No. 331, Section 1.